By Mahmoud Gamal
Dubai – Mubasher: Dubai Financial Market saw a positive performance in the first quarter of 2016, powered by leading stocks mainly in the real estate sector.
The main index, or DFMGI, rose by as much as 205 points, or 6%, to end at 3,355.53 points.
The telecom sector was the biggest gainer, with a jump of 25.5%, as du rose by the same percentage.
The real estate sector gained 9.4% after Arabtec and Emaar Malls rose by 31.2% and 5.8% in a row.
The banks sector was 0.6% higher as Dubai Islamic Bank rose by 4.04%. The investment sector added 8% after Dubai Parks advanced by 15%.
The quarter's traded volume rose by 123% to 32.4 billion shares, from 14.5 billion shares. Traded value also increased by 98% to AED 39.9 billion, from AED 26.7 billion.
Market capitalisation fell to AED 301.3 billion ($83.86 billion), from AED 308.1 billion at the end of 2015.
Translated by Sayed Abdel Rahman
